Dan Henninger on Barack Obama’s speech in Osawatomie, Kansas:
About two-thirds through Mr. Obama’s Kansas speech, I started to think of “The Godfather.” After slapping around the “wealthy” for about a half hour, Mr. Obama said, “This isn’t about class warfare.” Maybe that’s true. In “The Godfather,” when awful things are about to be done to people, Michael Corleone or Tom Hagen reassure those about to get hit, “It’s not personal; it’s strictly business.”
But I could be wrong about that. There is that defining moment when Michael Corleone says to Fredo, his brother, “You’re nothing to me now.” When even as party leader, a president of the United States gives a major speech in which people get singled out repeatedly as basically enemies of “the middle class,” one has to wonder if they are nothing to him.
You then have to wonder about the tenor of another Obama term in office. If in fact there are categories of Americans he simply doesn’t like, a second Obama term, like the last half of “Godfather II,” could be a clinical exercise in hammering the people he singled out in this speech. Metaphorically speaking.
Here are Five Big Lies in Obama’s Economic Fairness Speech. Number 1,
• Tax cuts and deregulation have “never worked” to grow the economy. There’s so much evidence to disprove this claim, it’s hard to know where to start. But let’s begin with the fact that countries with greater economic freedom — lower taxes, less government, sound money, free trade — consistently produce greater overall prosperity.
Here at home, President Reagan’s program of lower taxes and deregulation led to an historic two-decade economic boom. Plus, states with lower taxes and less regulation do better than those that follow Obama’s prescription.
Obama also claimed the economic booms in the ’50s and ’60s somehow support his argument. This is utter nonsense. Taxes at the time averaged just 17% of the economy. And there was no Medicare, no Medicaid, no Departments of Transportation, Energy or Education, and no EPA. Had Obama been around then, he would have decried it all as un-American.
Read both articles.